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 KOSPI (SEOUL.NDX) - Close: 1 963.36 (-7.25), Dec 5, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Weak Negative Candidate -Medium term, Dec 5, 2016Analysis Explanation
KOSPI is within a rising trend, which indicates a continued growth. Gave a negative signal from a double top formation by the break down through the support at 1991. Further fall to 1919 or lower is signaled. The index has support at points 1924 and resistance at points 2000. Negative volume balance weakens the index in the short term. RSI diverges positively against the price, which indicates a possibility for a reaction up. The index is overall assessed as technically slightly negative for the medium long term.

1 day-0.59%460.42-0.37%
5 days-81.991.99%447.03-0.75%
22 days-33.914.89%565.96-1.03%
66 days4.438.84%704.99-3.50%
Trend 5%1922.97 - 2096.05
Moving average2016-11-15
Long Term Trading Range2016-11-02
Double Top Pattern2016-11-02
Short Term Trading Range2016-10-11
Rectangle2016-07-14
Double Bottom Pattern2016-03-02

 


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